The mysterious art and science of doing good
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Contributor(s): Professor Jonathan Roberts | Private actions for public benefit - philanthropy, charity, voluntary action or social entrepreneurship - have long been at the core of societies, religions and human activity. Fuelled by increasing frustration at the perceived inability of governments, markets and NGOs to solve social and environmental problems, this arena of private action for public benefit is currently experiencing both resurgence and disruption. New ideologies of doing good stress the importance of maximising the social impact of our altruism and seeking long-term solutions to social problems. Innovative mechanisms of financing and organisation mix business practice with philanthropy and charity, stretching from impact investing and venture philanthropy to the social enterprise and the purpose-driven corporation. These new institutions and approaches to private action for public benefit open valuable new windows for achieving social change. But they also create tensions, puzzles and discomfort. In his inaugural professorial lecture, Jonathan Roberts explores how we can navigate this complex and dynamic new world of doing good.